Sony is in talks with suitors including Taiwan's Hon Hai Precision over the sale of its battery business, a report said, as the Japanese firm tries to repair its dented balance sheet. (Japan Today)
Sony reportedly considers battery business sale
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Japan's ill-fated experiment with money doctoring
In the 1910s, U.S. economists such as Edwin Kemmerer preached the virtues of a stable currency to Mexico and Guatemala; more recently, Greece has received plenty of advice from the International Monetary Fund. But there have been other, less well-known instances of money doctoring that have served an overtly nationalist agenda. This was the case with Japan from 1895 to 1937, when the emerging power used money doctoring to check U.S. influence in the Pacific. (Bloomberg)
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Adult adoption in Japan
Andrew Carnegie, a 19th-century tycoon, famously said that inherited wealth "deadens talents and energies"-one reason why he gave most of his fortune to charity. Business research tends to support the Carnegie thesis. Companies controlled by heirs often underperform competitors that have professional managers. Except, apparently, in Japan. (The Economist)
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Japan: Love shack, baby
In hyper-convenient Japan, there is a push-button solution to every problem, minor or major. The dilemma of where to spend a romantic hour or two in private seclusion with your sweetheart - or with someone you've just met - can be solved at the Japanese institution known as the "Love Hotel". (New Zealand Herald)
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Giant Kuratas robot comes to life in Japan
Like many Japanese, Kogoro Kurata grew up watching futuristic robots in movies and animation, wishing that he could bring them to life and pilot one himself. Unlike most other Japanese, he has actually done it. (torontosun.com)
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'Zombie' astronaut Hoshide already itching for next mission into space
Astronaut Akihiko Hoshide, who returned from the International Space Station in mid-November, said Thursday he already wants to return to the final frontier. (Japan Times)
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Woman arrested after bursting into classroom with knife
Police said Thursday they have arrested a 46-year-old woman who burst into a school classroom, waving a knife. (Japan Today)
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Japan factory production up 1.8% in October
Japan on Friday posted a surprise rise in its factory output for October, but the economy ministry warned industrial production was still on a downward trend.
(The West)
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Housewife's killer may still be in area, police say
Police believe the killer of Tokyo housewife Kumi Arai may be in hiding out in the area.
Arai, 34, was stabbed to death at her Itabashi apartment in Tokyo at around 3 p.m. on Nov 21. Her body was discovered by her husband. Arai died from several stab wounds to her chest and back. (Japan Today)
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Nikkei climbs to 7-month closing high on exporters' gains
The Nikkei average hit a
seven-month closing high on Friday as a weaker yen, driven by
persistent expectations the Bank of Japan will act more boldly
under a likely new government after a Dec. 16 election, lifted
the shares of exporters. (Reuters)
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Japan's maverick mayor refuses to stop Tweeting
A maverick hoping to upset Japan's political scene has vowed to continue using Twitter throughout a general election, despite a strict ban on all forms of Internet campaigning. (hurriyetdailynews.com)
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Japan Restoration Party platform includes writing new Constitution
The Japan Restoration Party called for writing a new Constitution in its campaign platform released on Nov. 29, adopting the long-held policy of recently appointed leader Shintaro Ishihara. (Asahi)
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Japan's space agency says rocket information was stolen by computer virus
Japan's space agency said on Friday that information on one of its newest rockets was stolen from a desktop computer by someone using a computer virus. (New York Times)
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Beware: Stronger yen may soon destroy Japan
While Japan's yen has fallen recently, boosting the Tokyo stock market, the downward trend could reverse as the weakness is built on unrealistic expectations about the actions of the next government, some strategists say. (MarketWatch)
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Bank of Japan weighs ‘big bang’ war on deflation
Bank of Japan Governor Masaaki Shirakawa was feeling the heat in February when he was summoned to parliament five times to explain what he planned to do to get Japan out of its deflation doldrums. (theglobeandmail.com)
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Rivals KDDI, SoftBank launch iPad mini
Competition between KDDI Corp. and Softbank Mobile Corp. looks certain to heat up as the rival mobile operators launched Apple Inc.'s iPad mini on Friday. (Yomiuri)
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Marine fined 100,000 yen for home invasion
A summary court in Okinawa Prefecture has ordered a U.S. marine lieutenant to pay a fine of 100,000 yen for home invasion. (Yomiuri)
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Mobsters held in Osaka for playing golf after hiding yakuza status
Osaka police arrested a senior member of the major underworld syndicate Yamaguchi-gumi as well as a mob-connected former world champion boxer on suspicion of fraud for allegedly playing golf by concealing their gangland status in violation of ordinances. (Japan Times)
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Japan approves $10.7 billion stimulus package
Japan's cabinet approved a $10.7 billion economic stimulus package just weeks before an election the ruling party is expected to lose, while analysts questioned its likely benefits.
The new spending of 880 billion yen ($10.7 billion) was more than double a package announced in October as the country gets set for polls that most say will usher in its seventh prime minister in six years. (AFP)
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Japan donates $5M to US for tsunami debris cleanup
Japan is providing $5 million to the U.S. to help with collection and disposal of marine debris from its 2011 tsunami disaster.
(foxnews.com)
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